Biggest Loser of The Day: Technoglass Inc. (TGLS) Smashed Lower

Written by Owain Higham

 

TGLS is the biggest loser today, opening down over -42% as of writing.

 

What’s next for this stock? Let’s look at the heatmap.

 

What does the heatmap show?

 

As we can see, prices are currently moving lower, yet the CVD (Cumulative Volume Delta) is moving up, showing clear divergence. Sometimes this can be a sign that buyers are trading are market, but to no avail – prices continue to trade lower.

 

To add to the bulls problems, the relatively large bids at 18.00 have mostly pulled, and offers at 20.00 arrived in the book shortly afterwards.

 

 

 

 

 

Disclaimer: This content is for informational purposes only and is not trading advice.

 

Receive updates about new articles

Follow us on social media

New! Bookmap’s DOM Pro includes several special features tailored precisely for the professional DOM trader, for CGQ and Rithmic data only, works with new Execution Pro too! Both included with Global+
https://t.co/7mD803qwaJ

#Bookmap #orderflow #trading #scalping

New! Bookmap’s Execution Pro unlocks powerful features allowing traders to execute trades with both speed and precision. Free with Global+
https://t.co/hivFlFiUH6

#Bookmap #orderflow #trading #scalping

Algos, support/resistance, and liquidations as explained by @CryptoLifer33

https://t.co/X089qgyagA

#orderflow #trading